Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Chair and sofa manufacturer Capdevielle has entered into liquidation leaving 468 employees jobless in Mont-de-Marsan, south west France. The company had been in receivership since May 2009 and a deal to buy it had been on the cards but fell through and a local court decided to wind it up. A union steward at the factory complained about the lack of attention given to the workers, saying: "In France if you do not threaten to blow up a factory you are completely anonymous."
Eurofound (2010), Capdevielle, Bankruptcy in France, factsheet number 70541, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70541.